About Neo Power Electronics and Projects Private Limited
Data last updated:
Neo Power Electronics and Projects Private Limited is a private limited company based in Thane, Maharashtra, India. It operates in the electronic components and equipment manufacturing segment of the technology and IT services sector. It was incorporated on 01 December 1988 and has been in existence for over 38 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U40101MH1988PTC049875. Its GSTIN is 27AAACN1452E1ZV (Maharashtra).
The company has an authorised share capital of ₹2.75 Cr and a paid-up capital of ₹2.18 Cr. It is led by directors Arjun Suryabhanji Wanelkar (Managing Director) and Piyush Arjun Wanelkar.
Its last annual general meeting (AGM) was held on 30 September 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at Plot No. W – 104 MIDC Phase II Dombivali (East), Thane, Maharashtra, India – 421203.
As per the financials filed for FY 2025, the company reported a revenue of ₹87.14 Cr, a growth of 32% compared to the previous year. For the same year it recorded a net profit of ₹12.17 Cr (net margin 14%) and EBITDA of ₹18.94 Cr (EBITDA margin 21.7%). Revenue has grown at a compounded annual rate (CAGR) of 81% over three years and 11% over five years.
As per MCA filings, the company has open charges of ₹30 Cr and satisfied charges of ₹50.18 Cr on record. Court records list 8 cases involving the company, including 1 filed by the company and 7 filed against it.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website neopower.co.in.
- EmailLocked
- TelephoneLocked
- Website
- Social MediaLocked
- Registered AddressPlot No. W – 104 MIDC Phase II Dombivali (East), Thane, Maharashtra, India – 421203
- IndustryInformation Technology, Electronic Components & Equipment Manufacturing
- Company details, directors and signatories
- Historical financials and ratios
- Shareholding pattern and group structure
- Charges with holder and property details
- Legal cases, compliance and MCA filings
- One PDF report, delivered after checkout
Business Activity of Neo Power Electronics and Projects Private Limited
The main business activity of Neo Power Electronics and Projects is manufacturing. In detail, this covers computer, electronic, communication and scientific measuring & control equipment.
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| C | Manufacturing | C9 | Computer, electronic, Communication and scientific measuring & control equipment | Locked |
Business activity turnover details
Turnover share and past changes in activity are in the company report.
- Turnover contribution
- Historical classifications
- Filing-level activity changes
Verified entity values are shown only after access is granted.
Financials of Neo Power Electronics and Projects Private Limited FY 2025 filings available
Neo Power Electronics and Projects Private Limited reported revenue of ₹87.14 Cr (up 32% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR) of Neo Power Electronics and Projects Private Limited
Revenue has grown at a compounded annual rate (CAGR) of 11% over five years, including 32% growth in the latest year. EBITDA rose 41% in the latest year. Three- and five-year figures are compounded annual growth rates (CAGR): the steady yearly rate that links the first and the last year. All are worked out from the filed statements.
Financial Statement Summary of Neo Power Electronics and Projects Private Limited
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | •••• | •••• | •••• | •••• | •••• |
| Other Income | •••• | •••• | •••• | •••• | •••• |
| Total Revenue | •••• | •••• | •••• | •••• | •••• |
| Cost of Materials Consumed | •••• | •••• | •••• | •••• | •••• |
| Employee Benefit Expense | •••• | •••• | •••• | •••• | •••• |
| Finance Costs | •••• | •••• | •••• | •••• | •••• |
| Depreciation and Amortisation | •••• | •••• | •••• | •••• | •••• |
| Other Expenses | •••• | •••• | •••• | •••• | •••• |
| Total Expenses | •••• | •••• | •••• | •••• | •••• |
| EBITDA | ₹18.94 Cr | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | ₹12.17 Cr | •••• | •••• | •••• | •••• |
| Balance Sheet | |||||
| Share Capital | •••• | •••• | •••• | •••• | •••• |
| Reserves and Surplus | •••• | •••• | •••• | •••• | •••• |
| Net Worth (Total Equity) | •••• | •••• | •••• | •••• | •••• |
| Long-term Borrowings | •••• | •••• | •••• | •••• | •••• |
| Short-term Borrowings | •••• | •••• | •••• | •••• | •••• |
| Trade Payables | •••• | •••• | •••• | •••• | •••• |
| Total Liabilities | •••• | •••• | •••• | •••• | •••• |
| Fixed Assets | •••• | •••• | •••• | •••• | •••• |
| Investments | •••• | •••• | •••• | •••• | •••• |
| Inventories | •••• | •••• | •••• | •••• | •••• |
| Trade Receivables | •••• | •••• | •••• | •••• | •••• |
| Cash and Bank Balance | •••• | •••• | •••• | •••• | •••• |
| Total Assets | •••• | •••• | •••• | •••• | •••• |
Financial Ratios of Neo Power Electronics and Projects Private Limited
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 21.7% | •••• | •••• | •••• | •••• |
| Net Profit Margin | 14% | •••• | •••• | •••• | •••• |
| Return on Equity (ROE) | •••• | •••• | •••• | •••• | •••• |
| Return on Capital Employed (ROCE) | •••• | •••• | •••• | •••• | •••• |
| Return on Assets (ROA) | •••• | •••• | •••• | •••• | •••• |
| Liquidity and Debt | |||||
| Current Ratio | •••• | •••• | •••• | •••• | •••• |
| Quick Ratio | •••• | •••• | •••• | •••• | •••• |
| Debt-to-Equity Ratio | •••• | •••• | •••• | •••• | •••• |
| Interest Coverage Ratio | •••• | •••• | •••• | •••• | •••• |
| Efficiency and Growth | |||||
| Asset Turnover | •••• | •••• | •••• | •••• | •••• |
| Receivable Days | •••• | •••• | •••• | •••• | •••• |
| Payable Days | •••• | •••• | •••• | •••• | •••• |
| Inventory Days | •••• | •••• | •••• | •••• | •••• |
| Revenue Growth | •••• | •••• | •••• | •••• | •••• |
| Net Profit Growth | •••• | •••• | •••• | •••• | •••• |
Paid data: the figures shown as dots are available after purchase of the company report. Figures as filed with the MCA in Form AOC-4. The full year-wise statements and ratios of Neo Power Electronics and Projects are in the company report.
Financial statements from 2015
Earlier years and trend charts are in the company report.
- Income statements
- Balance sheets
- Cash-flow statements
- Ratios and benchmarks
Verified entity values are shown only after access is granted.
Peer Comparison of Neo Power Electronics and Projects Private Limited
Neo Power Electronics and Projects Private Limited is compared with the companies closest to it by revenue in the Information Technology industry (Electronic Equipment and Components Manufacturing). Net profit, margin and employee counts of each company are in the company report.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Circuit Systems (India) Private Limited | ₹90.1 Cr (FY 2025) | •••• | •••• | 10.0% | •••• | Ahmedabad, Gujarat, India |
| Synegra Ems Limited | ₹89.24 Cr (FY 2024) | •••• | •••• | 62.0% | •••• | Salcette, Goa, India |
| Tecniqua India Private Limited | ₹88.57 Cr (FY 2025) | •••• | •••• | 78.0% | •••• | Noida, Uttar Pradesh, India |
| Sun Data Processing Private Limited | ₹88.02 Cr (FY 2025) | •••• | •••• | 36.0% | •••• | Vasai, Maharashtra, India |
| Ajitek Tech Solutions Private Limited | ₹87.4 Cr (FY 2025) | •••• | •••• | 2.0% | •••• | Hyderabad, Telangana, India |
| Neo Power Electronics and Projects Private Limited this company | ₹87.14 Cr (FY 2025) | •••• | •••• | 32.0% | •••• | Thane, Maharashtra, India |
| Advance-Tech Controls Private Limited | ₹86.15 Cr (FY 2025) | •••• | •••• | 70.0% | •••• | Vadodara, Gujarat, India |
| M-Tech Innovations Limited | ₹83.62 Cr (FY 2025) | •••• | •••• | -21.0% | •••• | Pune, Maharashtra, India |
| Creaton Corporation Private Limited | ₹83.35 Cr (FY 2025) | •••• | •••• | -42.0% | •••• | Delhi, India |
| Luxshare India Private Limited | ₹83.16 Cr (FY 2025) | •••• | •••• | 274.0% | •••• | Tamil Nadu, India |
| Sahasra Electronics Private Limited | ₹82.22 Cr (FY 2025) | •••• | •••• | -57.0% | •••• | New Delhi, Delhi, India |
Peers are the five companies nearest above and the five nearest below Neo Power Electronics and Projects by revenue in the Information Technology industry (Electronic Equipment and Components Manufacturing), from the latest filed financials of each company. Net profit, margin and employee counts of each peer are in the company report.
Auditor Details of Neo Power Electronics and Projects Private Limited
Neo Power Electronics and Projects Private Limited is audited by SURESH SURANA & ASSOCIATES LLP for the financial year 2022.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| SURESH SURANA & ASSOCIATES LLP | Locked | Locked | Locked |
Complete auditor history
Appointment and cessation dates and past auditor changes are in the company report.
- Appointment status
- Appointment dates
- Cessation dates
- Auditor changes
Verified entity values are shown only after access is granted.
Board of Directors of Neo Power Electronics and Projects Private Limited
Neo Power Electronics and Projects has 2 current directors and 3 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Piyush Arjun Wanelkar Also directs: Manhem Thyrifurn Pvt Ltd | Director | 02 Mar 2015 | 11 Years 7 Months | Current |
| Arjun Suryabhanji Wanelkar | Managing Director | 01 Dec 1988 | 37 Years 10 Months | Current |
Ownership and Shareholding of Neo Power Electronics and Projects Private Limited
Shareholding and ownership data
Promoter, institutional, public and beneficial ownership figures are in the company report.
- Ownership categories
- Historical changes
- Group structure
- FII and DII holdings
Verified entity values are shown only after access is granted.
Charges & Borrowings of Neo Power Electronics and Projects Private Limited
| Date | Lender | Amount | Status |
|---|---|---|---|
| 12 Apr 2018 | Others | ₹30 Cr | Open |
| 26 Feb 2016 | Others | ₹1 Cr | Satisfied |
| 19 Oct 2010 | Punjab National Bank | ₹50 Lakh | Satisfied |
| 29 Jun 2009 | Punjab National Bank | ₹80 Lakh | Satisfied |
| 08 Aug 2007 | Punjab National Bank | ₹6.56 Lakh | Satisfied |
Total charge records: 19 View all charges
Legal Cases of Neo Power Electronics and Projects Private Limited
Neo Power Electronics and Projects Private Limited has 8 court cases on record: 1 filed by Neo Power Electronics and Projects, 7 filed against it. All cases are disposed. Status as checked between 29 Sep 2026 and 03 Oct 2026.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 6 | 6 | 0 |
| High courts | 2 | 1 | 0 |
Cases on record (5 of 8)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Thane, Maharashtra | Civil suit | Filed against the company by Compete Tools Private Limited | Disposed |
| District court, Mumbai City Civil Court, Maharashtra | Civil suit | Filed against the company by Thermal Instrument India Private Limited | Disposed |
| District court, Thane, Maharashtra | Court case (Reg Dkst) | Filed against the company by an individual | Disposed |
| District court, Mumbai CMM Courts, Maharashtra | Court case (S S) | Filed against the company by Amita Steel Corporation | Disposed |
| District court, Mumbai CMM Courts, Maharashtra | Court case (SS CASES S) | Filed against the company by Bajaj Fiance Ltd | Disposed |
Full case history
All 8 cases with case numbers, court, year-wise trend, opposite parties and decision dates are in the company report.
- Every case with its case number
- Year-wise trend
- Opposite parties
- Decision dates and orders
Verified entity values are shown only after access is granted.
Case records are compiled from court listings and may lag the court's own records. A case filed against a company is not a finding against it.
Employees and EPFO Compliance at Neo Power Electronics and Projects Private Limited
Employment history and EPFO contributions of people linked to Neo Power Electronics and Projects.
Employee and EPFO history
Monthly headcount, contribution history and filing status are in the company report.
- Monthly headcount
- PF contributions
- ECR filing status
- Establishment history
Verified entity values are shown only after access is granted.
Recent Activity on Neo Power Electronics and Projects Private Limited
Neo Power Electronics and Projects Private Limited has 5 board changes on record since 1988: 2 appointments and 3 cessations. The latest: Wanelkar Suryabhanji Baburao ceased to be Director on 09 Oct 2023.
39 earlier events are listed in the company report.
Credit Ratings, Litigation & Regulatory Alerts for Neo Power Electronics and Projects Private Limited
Credit ratings, litigation, and regulatory alerts
Credit ratings, court records and regulatory alerts are in the company report.
- Rating history
- Court and tribunal cases
- Regulatory alerts
- Director-linked violations
Verified entity values are shown only after access is granted.
MSME Payment Delays by Neo Power Electronics and Projects Private Limited
MSME payment history
Amounts due to small suppliers, the reasons given and MSME-1 filings are in the company report.
- Outstanding amounts
- Delay periods and reasons
- MSME-1 filing history
- Vendor payment signals
Verified entity values are shown only after access is granted.
Subsidiaries & Group Companies of Neo Power Electronics and Projects Private Limited
Corporate group structure
Parent, subsidiary, associate and joint venture records with holdings are in the company report.
- Parent company
- Subsidiaries and ownership
- Associates and joint ventures
- Entity investments
Verified entity values are shown only after access is granted.
GST Compliance of Neo Power Electronics and Projects Private Limited
Neo Power Electronics and Projects has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AAACN1452E1ZV | Maharashtra | Active | 01 Jul 2017 |
GST registrations and filing compliance
State-wise GST registrations, return filing status and HSN or SAC codes are in the company report.
- GSTIN registrations
- State-wise filing status
- HSN and SAC details
- Tax jurisdiction records
Verified entity values are shown only after access is granted.
MCA Filings & Documents of Neo Power Electronics and Projects Private Limited
MCA filings and documents
Filed forms, annual returns, financial statements and charge filings with their dates are in the company report.
- Incorporation documents
- Annual returns and statements
- Charge filings
- Complete filing index
Verified entity values are shown only after access is granted.
Frequently Asked Questions about Neo Power Electronics and Projects Private Limited
Neo Power Electronics and Projects is an active private limited company based in Thane, Maharashtra, India. The company works in electronic components and equipment manufacturing, within the information technology industry. It was incorporated on 01 December 1988 (38+ years old) and is registered under CIN U40101MH1988PTC049875.
Neo Power Electronics and Projects reported revenue of ₹87.14 Cr for FY 2025 (up 32% YoY).
Neo Power Electronics and Projects has 2 current directors:
- Arjun Suryabhanji Wanelkar - Managing Director
- Piyush Arjun Wanelkar - Director
Neo Power Electronics and Projects reported a net profit of ₹12.17 Cr (net margin 14%) and EBITDA of ₹18.94 Cr (EBITDA margin 21.7%) for FY 2025, as per its filed financial statements.
The compounded annual growth rate (CAGR) of the revenue of Neo Power Electronics and Projects is 81% over three years and 11% over five years. In the latest year (FY 2025) revenue rose 32%. CAGR is the steady yearly rate that links the first and the last year.
The GSTIN of Neo Power Electronics and Projects is 27AAACN1452E1ZV, registered in Maharashtra.
The CIN (Corporate Identification Number) of Neo Power Electronics and Projects is U40101MH1988PTC049875. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Neo Power Electronics and Projects has 8 court cases on record: 1 filed by the company and 7 filed against it. Most are in the district courts.
Neo Power Electronics and Projects was incorporated on 01 December 1988, making it 38+ years old. It is registered with the Registrar of Companies, Mumbai.
The peers of Neo Power Electronics and Projects by revenue are Circuit Systems (India) Private Limited, Synegra Ems Limited, Tecniqua India Private Limited, Sun Data Processing Private Limited, Ajitek Tech Solutions Private Limited and 5 more, all in the Information Technology industry (Electronic Equipment and Components Manufacturing).
Wanelkar Suryabhanji Baburao ceased to be Director on 09 Oct 2023. Arjun Suryabhanji Wanelkar ceased to be Director on 01 Sep 2020. Piyush Arjun Wanelkar ceased to be Additional Director on 30 Sep 2015. Neo Power Electronics and Projects has 5 board changes on record in total.